Balance sheet of the agricultural sector, December 31, 2013 (revised)
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Released: 2015-03-10
Equity in Canada's farm sector totalled $412.6 billion on December 31, 2013, up $46.9 billion (+12.8%) from the same date a year earlier.
The value of total farm assets rose by 12.1% to $485.7 billion in 2013, primarily as a result of strong gains in the value of farmland (+16.8%). Farmland values on December 31, 2013, accounted for 64.0% of the total farm asset value compared with 52.4% 10 years earlier.
Total farm liabilities increased $5.5 billion (+8.1%) to $73.1 billion.
Return on equity rose to 3.6% in 2013 from 2.4% in 2012, its highest point since 1989. Provincially, return on equity ranged from negative 0.2% in British Columbia to 9.0% in Saskatchewan in 2013.
The interest coverage ratio, which assesses the ability to cover interest charges with the net income generated (before interest and taxes), rose to 5.673 in 2013, a record high since this series began in 1981.
Note to readers
The balance sheet of the agricultural sector provides the value of farm assets used to produce agricultural products, the liabilities associated with these assets and the farm sector equity as of December 31 for Canada and the provinces.
Assets and liabilities in the agriculture sector's balance sheet include those of farm businesses and non-operator landlords (for farm real estate assets leased to farm operators and the corresponding liabilities) and exclude the personal portion of farm households. This most closely reflects the assets and liabilities used in the production of agricultural products.
The balance sheet of the agricultural sector integrates data already produced by Statistics Canada, such as farm debt, value of farm capital, livestock and crop estimates, farm product prices and selected data from the Farm Financial survey.
Contact information
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